Bitcoin is wobbling at a key support line, and the near-term bias is cautiously bearish while the bigger picture stays bullish for investors willing to wait it out.

• Bitcoin is sitting right on a make-or-break support level, and a close below it tomorrow would trigger a short-term corrective signal pointing toward lower prices.
• If that correction plays out, a quick drop to the mid-$70,000s is likely before a bounce, based on past patterns.
• The longer-term trend stays intact as long as Bitcoin holds above the mid-$70,000s to $85,000 zone, so this looks more like a shakeout than a reversal for now.
• The Fed's rate decision this week and a batch of big tech earnings could be the catalysts that decide which way Bitcoin breaks.
• A further close below key moving averages would turn the picture more bearish, but no major damage has been confirmed yet.

Outlook: Expect a quick move toward the mid-$70,000s if support breaks, followed by a bounce, with the Fed meeting this week likely to set the next direction.

## Bitcoin Levels

• **Bias:** Neutral-to-bearish short-term, bullish long-term
• **Buy / accumulate:** Bigger DCA buys on drops of 10%+; smaller regular buys weekly
• **Sell / take profit:** Not discussed
• **Support:** $79,700 (key daily close level); $77,300–$77,500 (55 EMA)
• **Resistance:** $81,000–$81,750 (needs to close above to avoid the corrective setup); $85,000 (bigger pivot)
• **Targets:** $76,000–$77,000 (downside correction target); bounce target back toward $83,000–$84,000 if the move resolves higher
• **Invalidation:** Close below $75,000 would turn the long-term outlook bearish